PANews, citing Lookonchain, said the address exited a two-month HYPE position at a $4.52 million loss and then opened a new 283,948 HYPE short with about $19.34 million in notional value.
Wallet 0xf02d exited a HYPE position held for about two months, realizing a loss of roughly $4.52 million, and then immediately opened a new 10x leveraged short on 283,948 HYPE with a notional value of about $19.34 million. PANews reported the activity, citing on-chain tracker Lookonchain, which flagged the trade on July 10. The two source records differ on whether the closed position was a short or a long; the reported sequence nevertheless indicates continued or newly established downside positioning in HYPE after the loss.